Ted Weschler

Last Update: 2011-12-20

Number of Stocks: 9
Number of New Stocks: 0

Total Value: $1,123 Mil
Q/Q Turnover: 8%

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Ted Weschler's Profile & Performance

Profile

New investment manager of Berkshire Hathaway. Founder of Peninsula Capital. The portfolio we track here is for Peninsula Capital, which will be closed in 2012.

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Top Ranked Articles

12 Stocks to Consider

October 9, 2011

Someone who reads my blog sent me this email: Read more...

New Berkshire Hathaway Portfolio Manager Ted Weschler’s Investing Style and Career Highlights

September 13, 2011

Ted Weschler recently became the second of possibly three portfolio managers of Berkshire Hathaway (BRK.A)(BRK.B), part of a group in line to take over the entire equity and debt portfolio of the greatest investor of all time, Warren Buffett, upon his retirement. Prior to accepting the offer, Weschler managed his own private investment firm, Peninsula Capital Advisors, LLC, which he founded in 2000. The fund manager that piqued Buffett’s interest delivered a return of 1,236% over the last 11 years, Reuters reports, but Weschler somehow managed to remain under the public radar in spite of his prowess. He made the acquaintance of Buffett by winning a lunch with him through a charity auction benefitting Glide, a San Francisco homeless charity. Actually, he won twice, paying a total of $5.2 million to dine with Buffett in Omaha in 2010 and 2011. Read more...

Ted Weschler Begins Closing Down Shop to Join Berkshire Hathaway

December 23, 2011

Ted Weschler, current managing partner of hedge fund Peninsula Capital Advisors LLC, will soon join Berkshire Hathaway (BRK.A)(BRK.B) as one of two newly appointed money managers who will eventually replace Warren Buffett. Weschler’s connection with Buffett came about by an unusual means— the two met when Weschler paid a total $5.3 million to have lunch with him two years in a row through a charity auction. After two more meetings, Buffett offered Weschler the position, which he, already a successful hedge fund manager, accepted just a few weeks later. In his 11 years at his firm, Weschler made a return of 1,236%. Little has been reported about the low-key manager’s investing style, although Morningstar says his firm makes “substantial long-term investments in publicly traded companies possessing both strong prospects and outstanding management teams.” Read more...

Ted Weschler Would Recommend These Stocks

February 17, 2012

Ted Weschler has been director of WSFS Financial Corporation since 2009. He has served as director of WSFS Financial Corporation from 1992 to 2007. His current position expires in 2013. He is the managing partner of Peninsula Capital Advisors LLC. This company deals with a pool of capital that predominantly invests in publicly trades companies over long terms. In 1989 he founded Quad-C a private equity firm and before that he held several positions at W.R. Grace & Co. He also worked for their Corporate Development Group. Read more...

Alice Schroeder – The Meaning Behind Berkshire Hathaway Hiring Ted Weschler

September 15, 2011

Sometimes the cutesiness of Berkshire Hathaway Inc. is part of its endearing charm. Sometimes it is a minor quirk to be brushed aside. Occasionally, it can mislead, as happened this week when Warren Buffett’s favorite scribe, Carol J. Loomis of Fortune magazine, began her insider’s report on the hiring of 50-year-old Ted Weschler, the founder of Peninsula Capital Advisors LLC, as a Berkshire investment manager. She wrote: “It is surely unprecedented for a person to spend $5,252,722 to get a job, but in a funny way, that is precisely what Ted Weschler, of Charlottesville, Virginia, did.” Read more...

» More Ted Weschler Articles

Commentaries and Stories

Currently 4.33/5

Rating: 4.3/5 (3 votes)

Berkshire Portfolio Managers Weschler and Combs Bonuses to Exceed $50 Million for 2012

April 29, 2013

A profile from The Omaha World-Herald of how Weschler and Combs ended up managing money for Warren Buffett: More...

Currently 2.62/5

Rating: 2.6/5 (13 votes)

Buffett’s Berkshire Hathaway Buys Even More DaVita Shares

November 29, 2012

In the past two months, Berkshire Hathaway (BRK.A)(BRK.B)’s holding of DaVita (DVA) burgeoned from 10,265,515 to 12,293,053 shares, after a series of nine purchases. This gives Warren Buffett’s company a 10.78% ownership of DaVita. Buffett or one of his managers (likely Ted Weschler) appear to like the company enough that price is little consideration, as it has climbed consistently almost 42% year to date. More...

Currently 3.38/5

Rating: 3.4/5 (8 votes)

Bloomberg Ted Weschler Profile: Rise from Grace Leads to Role Advising Buffett

October 22, 2012

Ted Weschler’s first job after college was at chemical maker W.R. Grace & Co. (GRA) In 2007, six years after the company filed for bankruptcy, his hedge fund held 15 percent of the shares. That’s when he called Joe Rice. More...

Currently 3.10/5

Rating: 3.1/5 (10 votes)

Buffett’s Berkshire Hathaway Raises Stake in DaVita to Almost 11%

October 12, 2012

Warren Buffett added 0.71% to his holding of DaVita Inc. (DVA) at the average price of $107.82 on 10/09/2012, as reported by GuruFocus Real Time Picks. After the purchase, he owns 9,650,349 shares, of 10.8% of the company. He just increased his holding of DaVita by 3.04% on Sept. 28. DaVita is currently trading at historic highs. More...

Currently 3.33/5

Rating: 3.3/5 (12 votes)

Ted Weschler Would Recommend These Stocks

February 17, 2012

TELECOMMUNICATIONS, CHEMICALS, PHARMACEUTICAL, LONG

Currently 3.12/5

Rating: 3.1/5 (17 votes)

Ted Weschler Begins Closing Down Shop to Join Berkshire Hathaway

December 23, 2011

Currently 4.34/5

Rating: 4.3/5 (38 votes)

12 Stocks to Consider

October 9, 2011

Someone who reads my blog sent me this email: More...

Currently 1.00/5

Rating: 1.0/5 (1 vote)

New Buffett Manager Gets Less Pay, Higher Taxes by Choice

September 20, 2011

How would you feel about taking a pay cut and paying more in taxes? More...

Currently 4.40/5

Rating: 4.4/5 (5 votes)

Alice Schroeder – The Meaning Behind Berkshire Hathaway Hiring Ted Weschler

September 15, 2011

Currently 3.60/5

Rating: 3.6/5 (5 votes)

WSJ – A Little More Info on the New Portfolio Manager at Berkshire

September 13, 2011

I get a feeling it is going to be hard to get a lot of info on Mr. Weschler. I’m certainly hungry for as much as I can get as it is fascinating to see who Buffett thinks is worthy of managing Berkshire’s money. More...